Starting a new business is harder than it seems. Your idea behind starting a business may eventually be a success, but not without loads of hard work. Underneath all the glamor of being an entrepreneur, there is a myriad of tasks people tend to avoid speaking about when it comes to their small business.
When you start your small business, you have to be very careful about how you spend your investors’ money. That means you only hire a select few individuals who are essential to your business plan. At this stage, you will have to pick up a bunch of tasks that are way outside the scope of your executive role.
Various administrative tasks like accounting, filing, payroll, and filing taxes would fall upon your shoulders. Without a proper accounting team, to handle all the areas of your small business, you will need all the help you can get and find an appropriate solution.
What is QuickBooks?
QuickBooks is accounting software that can help you with your small business’s financial needs. The software can help you reduce the time you spend working through the accounts and simplify the matter considerably.
The application shows you all the necessary functions on the main dashboard, which makes it easier to learn. The features are designed to simplify improve efficiency, cut costs, and save your precious time. Whether you use a tablet, a PC, or a laptop, QuickBooks Cloud Hosting can work on any device.
Advantages of Using QuickBooks
1. Flexible to Use
As a cloud-based platform, QuickBooks becomes very easy to use. The software is accessible by multiple users at a single time. You can safely sync several files and also work on them at the same time because of its real-time features. You can also sync your information from other accounting apps onto QuickBooks.
In addition to this, we provide our clients with customer support through live chats, video conferencing, and email twenty-four hours a day, seven days a week.
2. Remote Access
QuickBooks Hosting Services can help you access your data from anywhere at any time. Your data is not stored in your office, but on a cloud, which allows you to remotely access your database.
3. Simplifies Management
Your accounts can be managed easily as QuickBooks provides all the necessary accounting features in a single application. You can store bills, add reminders for due dates, manage the checks, and salaries of your employees.
4. Generates Reports & Invoices
As the application stores all your accounts information in a single application, you can easily generate a financial report. The software stores your data which can be printed out on the available templates. The report can then be downloaded and used accordingly.
5. Environmentally Friendly
Needless to say, online activities can considerably cut down on your use of paper. Offices consume a lot of paper for various needs, which is not sustainable. Using QuickBooks minimizes the waste by providing you with the ability to complete all your activities online.
Disadvantages of Using QuickBooks
There are a few disadvantages that you may need to look out for.
1. You may need to pay for upgrades
QuickBooks provides enhanced features and upgraded abilities. To access them you will be required to pay more to expand the operations of your account. However, the services can help make your work easier, so the investment will be worth all the benefits you receive.
2. Occasional syncing problems
You may find yourself facing a few issues from time to time, as with any software application. But bugs are regularly removed and updated versions offer smoother operation. All your issues regarding Premier QuickBooks hosting can be sorted through our 24/7 network support staff.
Why is QuickBooks Useful for Small Businesses?
Small businesses need to be efficient without spending a lot of money. QuickBooks provides them with a solution that can take care of all their accounts needs. Using this software automatically makes them more environmentally friendly as they opt out of using paper. The business is efficient as all of its information is accessible through a single application, enabling you to generate reports by a click-of-a-button.
Gotomyerp is a leading QuickBooks hosting company that offers QuickBooks desktop hosting for small businesses in the USA and Canada. Call us or visit our website to get started with our 30-day free QuickBooks hosting trial.